Saturday, November 11, 2017 Britain Told to Clarify $70b EU Divorce Bill in 2 Weeks Britain on Friday was reminded once more that time is running out to advance Brexit negotiations as both London and Brussels remain in dispute over the final cost of the divorce.Chief European Union Brexit negotiator Michel Barnier told reporters that […]
Saturday, November 11, 2017
Britain Told to Clarify $70b EU Divorce Bill in 2 Weeks
Britain on Friday was reminded once more that time is running out to advance Brexit negotiations as both London and Brussels remain in dispute over the final cost of the divorce.
Chief European Union Brexit negotiator Michel Barnier told reporters that the bloc would need UK clarifications in two weeks to prepare for a December 14-15 summit, DW reported.
He said progress in negotiations on how much money Britain will owe the EU when it leaves the bloc in March 2019 was imperative if EU leaders were to allow discussions on future trade ties with Britain in December.
Barnier was speaking a press conference in Brussels after a sixth round of Brexit negotiations ended without a breakthrough.
Barnier’s remarks seem to tighten the screws still further on Britain after The Financial Times earlier cited an unnamed EU diplomat as saying the issue needed to be settled within two to three weeks.
The Brexit bill is estimated by the EU at around €60 billion ($70 billion). But the UK has insisted that it should be more like €25 billion.
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